6 Ways To Increase The Value Of Your Home
If you’ve been sitting on the idea of selling your home, you may be realizing that your out-dated kitchen is going to cost you a lot of money. Foregoing updates to your home renovations for a few decades, particularly to the kitchen will significantly lower the value of your home. It’s a sad truth that many homeowners face when the time comes to move on to a new home. It’s not uncommon to feel stuck because the truth is no one wants to spend tens of thousands on a home that they don’t plan to live in for much longer. They often find themselves wondering how they can renovate their kitchen, significantly increase the value of their home, all while getting the most bang for their buck.
Here are a few ideas:
- Consider repainting or refacing your cabinets instead of replacing them with brand new ones. This the best option if your cabinets are still in great condition and just need to modernize them. Plus, not only can you save a lot of money, but it’s also eco-friendly.
- Don’t cheap out on your renovation materials. It might be your instinct to reach for the lowest price you can find but this is not the best route to go. Most often, people know cheap when they see it and while the kitchen may be new, it won’t look great at the end of the day and your efforts will have been for nothing. Buyers will know it’s only a matter of time before the cheap product wears down and they have to cough up the cost of a kitchen renovation for their new home.
- That being said, you don’t need to go for the other extreme either. The materials you choose don’t need to be top of the line. It’s true that in the era of home renovation television shows everyone adores granite. Sure, it could be a huge bonus to the person touring your house but at the end of the day, the countertops aren’t going to have a huge impact on the price of your home. There are other materials that look nice without the hefty price tag associated with granite, such as manufactured stone. The trick is a balance. You want to find materials that are a good quality for an affordable price tag. Find that middle ground.
- Don’t DIY, hire a professional. When the value of your home is on the line, DIY is not the right way to go. I know, your intentions are good, but the amateur result will drag the value of your home further down, rather than increase it. You may be thinking that if you do it yourself you can accomplish more, stretching your dollar further, but at the end of the day, a few things done really well will go a lot further than doing a whole list of things poorly. Not only will the quality be better, but contractors are knowledgable. They know what buyers in today’s are looking for in a kitchen and can advise you while assisting you in getting the most money for your dollar in materials.
- Pick your theme in advance. Don’t jump headfirst into your renovation, making decisions on a whim as you go. Decide on tile, floors, cabinets, etc in advance, ensuring that at the end all elements of the room will work together cohesively. A design that looks well put together will make all of the difference to the prospective buyers.
- Be objective. You may feel the desire to design the kitchen to your own personal tastes. This would be a huge mistake. Not everyone will love the same things that you do. If you’re aiming to sell your house, rather than renovating for yourself, you should approach the renovation like it isn’t for you. If you make decisions based on what will appeal to the widest range of people, you’re more likely to find buyers that like what you’ve done. Even if the kitchen is brand new if it doesn’t appeal to the person looking to buy it the money you spent won’t make a difference. If you’re stumped on what route to go, look into what the latest trends are. This is another area that a professional will be able to help you in.
Renovating with the intent of selling your home can be a stressful experience. You want to increase the value of your home without investing more money than you need to. The point is that with a little bit of homework and the help of the right people, a kitchen renovation is a great way to significantly increase the value of your home.